Hi , I'm new so basically I still have a lot to learn about the cryptocurrency , but I would like to know if it would be possible for the bitcoin to start the downfall ? I mean like what scenario can happen that the bitcoin would be pushed back like 5-6 years ?
Sorry if my post is in the wrong place or it's not relevant.
The price of bitcoin or it's value against dollar keeps fluctuating almost throughout the year so it's not to be worried about. The prices drop only to rise higher or at least that's what we have witnessed in the past. The possibility of bitcoin losing it's value is equal to the possibility of bitcoin's value regaining all over again and higher than the previous one. Just hold your bitcoins and make the most of it in the future.
That's a very clear insights, yes bitcoin price drop off was just based on how investors really are dumping their assets and thus on queue people who wanted to buy while the price goes down were eager to invest and dump again if they saw a good price bounces back. Holding your bitcoins is a good advice and it's really proven as I personally regret months passed I wasn't able to hold my btc amounts I had for the last four months it was all been cashed out; sold and exchanged to fiat currency.